Cetera Advisor Networks LLC bought a new position in shares of XPO Logistics, Inc. (NYSE:XPO) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,015 shares of the transportation company’s stock, valued at approximately $240,000.
Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in XPO Logistics during the fourth quarter worth $27,000. Perigon Wealth Management LLC purchased a new stake in shares of XPO Logistics during the fourth quarter worth about $31,000. Manchester Financial Inc. increased its stake in shares of XPO Logistics by 480.0% during the fourth quarter. Manchester Financial Inc. now owns 290 shares of the transportation company’s stock worth $35,000 after purchasing an additional 240 shares in the last quarter. Archer Investment Corp acquired a new position in shares of XPO Logistics during the 4th quarter worth about $39,000. Finally, Point72 Hong Kong Ltd purchased a new position in XPO Logistics in the 3rd quarter valued at about $36,000. 95.94% of the stock is currently owned by hedge funds and other institutional investors.
XPO opened at $126.71 on Thursday. XPO Logistics, Inc. has a 52 week low of $53.58 and a 52 week high of $131.42. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.68. The business has a fifty day simple moving average of $121.27 and a 200-day simple moving average of $111.20. The firm has a market cap of $12.95 billion, a P/E ratio of 154.53, a P/E/G ratio of 11.01 and a beta of 2.33.
XPO has been the topic of several research reports. Citigroup raised their target price on XPO Logistics from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 12th. UBS Group began coverage on shares of XPO Logistics in a research note on Tuesday, January 19th. They set a “buy” rating and a $138.00 target price on the stock. Morgan Stanley raised their price target on shares of XPO Logistics from $80.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 16th. Raymond James increased their price objective on shares of XPO Logistics from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 12th. Finally, JPMorgan Chase & Co. boosted their target price on XPO Logistics from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 12th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. XPO Logistics presently has a consensus rating of “Buy” and an average price target of $132.00.
In other news, CAO Lance A. Robinson sold 7,650 shares of the stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $118.12, for a total value of $903,618.00. Following the sale, the chief accounting officer now directly owns 74,955 shares in the company, valued at $8,853,684.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jacobs Private Equity, Llc sold 83,781 shares of XPO Logistics stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $121.88, for a total value of $10,211,228.28. Following the completion of the transaction, the director now owns 18,705,179 shares of the company’s stock, valued at $2,279,787,216.52. The disclosure for this sale can be found here. Insiders sold 286,255 shares of company stock valued at $34,173,588 in the last 90 days. Company insiders own 18.90% of the company’s stock.
XPO Logistics Profile
XPO Logistics, Inc provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services.
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